Helicopter Wheels Market

Helicopter Wheels Market Overview

The helicopter wheels market is likely to record a strong CAGR of 7.2% during the forecast period. The helicopter wheels market is currently valued at US$ 1826.96 Mn in 2022 and is likely to reach US$ 3657.52 Mn by 2032.

Sales of helicopter wheels have risen due to the significant forward speed which skids don’t have.

Increased demand for helicopter wheels is also due to the fact that wheels can taxi without flying, which is considered to be a safer option during engine failure and is also projected to contribute to the growth of the helicopter wheels market share.

The report sheds light on the factors improving the sales of helicopter wheels, and, in turn, the opportunities for market players. However, the helicopter wheels market also faces some challenges, which might limit the helicopter wheels market share from reaching its potential.

Some of the key helicopter wheel market trends promoting the demand for helicopter wheels are several benefits including better ground handling, higher load carrying capacity, provides rolling landing and take-offs and others.

What are the Key Dynamics to the Helicopter Wheels Market Share?

As the growing number of air passenger is paving the way for the demand for new helicopters, the continuous rise in air passenger growth is estimated to be the key factor driving the growth of the global helicopter wheels market where the sales of helicopter wheels are directly proportional to the sales and fleet of Helicopters.

Rising demand for new helicopters will drive the demand for helicopter wheels in the First Fit Assembly segment during the forecast period.

Increasing deliveries of helicopters is substantially contributing to the global Helicopter fleet size.

With rising number of Helicopters in use, the demand for repair, service and maintenance of various components, parts and systems including wheels is estimated to significantly drive the Retro fit assembly segment of global helicopter wheels market during the forecast period.

The market players have to face certain challenges in the sales of helicopter wheels.

Firstly, the skids are quite cheap in cost and require less maintenance while wheels are lot more expensive than skids as they require separate tires, dampers, ball bearing and other components.

Also, it is relatively easier to land on skids as they offer more support as compared to the wheel which provides support on only three points which may result in difficulty in uneven terrain. This in turn is estimated to be the key factor restraining the use of wheels in helicopters, subsequently impacting the growth of the global helicopter wheel market during the forecast period.

Which Region holds the Highest Growth Potential in the Helicopter Wheels Market?

Attributing to the high rate of industrialization in emerging economies such as China and India and ASEAN, the global GDP is projected to register steady growth during the forecast period.

Moreover, recovering economies such as Brazil and Russia, Italy and Spain are anticipated to project significant opportunities in the aerospace industry, subsequently contributing to the sales of helicopter wheels during the forecast period.

North America aerospace industry is expected to witness significant growth in the global market, on account of significant Helicopter fleet.

North America will be followed by the Europe helicopter wheels market owing to increasing number of airlines in the region.

Furthermore, increasing demand for commercial helicopters in energy, law enforcement and paramilitary application is expected to create significant opportunities for the manufacturers in the helicopter wheels market.

How is the Competitive Landscape in the Helicopter Wheels Market?

The key players of the helicopter wheels market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of helicopter wheels.  

There are a limited number of manufacturers operating in the helicopter wheels market. Examples of some of the market participants identified across the value chain of the global helicopter wheels market include:

• Aero Wheel and Brake Service Corporation
• Safron Group
• Collins Aerospace
• Beringer Aero
• Honeywell Aerospace

These market players are anticipated to drive the helicopter wheels market by introducing new products and expanding geographically.

Nikhil Kaitwade

Principal Consultant

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